Cynwyd Club

The information for Cynwyd Club is as of the organization's most recent filing in February 2020. This organization is located in Bala Cynwyd, PA and was founded in 1986. It has been in existence for 34 years.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Cynwyd Club's NTEE code is N50. The "N" tells us that the organization is classified along with Recreation & Sports. The "50" tells us that the organization is a Recreational Club. The NTEE describes Recreational Clubs as organizations that make available to members and their guests and facilities for recreational activities, sports and games. Additionally, these organizations often provide opportunities for people to meet and socialize with their peers at dances, parties, picnics, barbecues and other companionable events.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(7) organization. The IRS describes these organizations as Social and Recreational Clubs.

The mission of the Cynwyd Club is to be one of the Philadelphia Main Line premier private clubs for tennis, squash, fitness, and socializing.

Program Areas

Program Area 1: Within the general fund, the organization reports all revenues, support, and functional expenses related to squash, tennis, and racquets that are not specifically reported by another fund or program.

Organization Staffing

Cynwyd Club is run by Bruce D Reed, who is the President. The organization has 42 employees, of whom only 2 are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.

Board Governance

The Cynwyd Club is well governed with a voting membership of 10 and 10 independent members. This ensures that decisions are made with the best interests of the organization in mind. Potential conflicts of interest are not present, and the organization has not delegated management to an outside firm. Board and committee meetings are documented, and the organization has a conflict of interest policy as well as a written whistleblower policy. Unfortunately, the organization does not have a document retention policy, nor does it substantiate and review leadership salary. However, officer salaries are substantiated and reviewed. Furthermore, the organization does not provide copies of the 990 to the board prior to filing. All in all, the Cynwyd Club is well governed and takes necessary steps to ensure its members are protected.

Organization Growth

The Cynwyd Club has seen growth over the given time period. Program service revenue and other revenue have both increased, and the total revenue, employee salaries, and total expenses have all increased. Additionally, the total number of employees has more than doubled over this time period.